• World Biz  |  NOVEMBER 25, 2014 9:04 AM

    Saks Fifth Avenue building valued at RM12.4 bil

    Story by

    The landmark Saks Fifth Avenue building in Manhattan was appraised at about US$3.7 billion (RM12.4 billion) as part of an effort by parent Hudson’s Bay Co to squeeze more money out of its real estate.

  • World Biz  |  NOVEMBER 25, 2014 8:53 AM

    BlackBerry rewards users trading in iPhone for Passport

    Story by

    BlackBerry Ltd is offering to pay iPhone users as much as US$550 (RM1,842.50) to switch to a square-screened BlackBerry Passport.

  • Featured and Exclusive & World Biz  |  NOVEMBER 25, 2014 8:21 AM

    Sony said to be blackmailed by computer hackers

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    Sony Corp’s computer network was hacked in what may be a blackmail attempt, according to a person with knowledge of the matter.

  • Economy & Singapore  |  NOVEMBER 25, 2014 8:15 AM

    S’pore previous quarter GDP growth beats estimates

    Story by

    Singapore’s economy grew more than initially estimated last quarter as manufacturing improved, with a strengthening recovery in the US boosting demand for the island’s shipments.

  • World Biz  |  NOVEMBER 25, 2014 7:54 AM

    Honda admits under-reporting accidents since 2003

    Story by

    Honda Motor Co failed to notify US safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.

  • Markets  |  NOVEMBER 25, 2014 7:41 AM

    Euro rises on German data; US$ slips

    Story by

    The euro rose against the US dollar and yen on Monday due to encouraging German business data, as well as remarks from a top European Central Bank (ECB) official that cast doubts on whether the bank will take aggressive stimulus measures in the near future.

  • Commodities  |  NOVEMBER 25, 2014 7:33 AM

    Gold eases slightly as buying on China rate cut wanes

    Story by

    Gold was slightly lower on Monday as buying that propelled bullion to three-week highs on Friday ran out of steam, after a surprise rate cut in China raised hopes that demand from the top consumer would increase.

  • Featured and Exclusive & Markets  |  NOVEMBER 25, 2014 7:23 AM

    S&P 500 closes at record high on central bank bets

    Story by

    US stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average.

  • Commodities  |  NOVEMBER 25, 2014 7:11 AM

    Oil ends down after swinging on Opec speculation

    Story by

    Crude prices ended lower, with Brent below US$80 (RM268) a barrel, after a volatile session on Monday, as Russia's offer to add to Organisation of the Petroleum Exporting Countries (Opec) output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week.

  • Opinion  |  NOVEMBER 24, 2014 10:03 PM

    Mexico’s growth problem

    Story by

    When Mexico’s then-President Carlos Salinas de Gortari and his American counterpart, Bill Clinton, signed the North American Free Trade Agreement (NAFTA) more than 20 years ago, the hope was that the Mexican economy would be swept forward by a rising wave of globalization. By many measures, that hope has been amply fulfilled.

  • World Biz  |  NOVEMBER 24, 2014 9:47 PM

    Xiaomi delays expansion plans to 5 countries

    Story by

    Xiaomi Corp is delaying aggressive plans to expand into five more countries this year as the Chinese smartphone maker talks with Foxconn Technology Group about boosting production of the low-cost devices.

  • Property & Singapore  |  NOVEMBER 24, 2014 9:27 PM

    Overwhelming response for UEM’s Melbourne project

    Story by

    UEM Sunrise Bhd's first property development in Australia, Aurora Melbourne Central, has received an overwhelming response, with over 95% of the total residential units taken up over two weeks of exclusive worldwide preview launch.

  • Featured and Exclusive & Opinion  |  NOVEMBER 24, 2014 9:15 PM

    New frontiers in affordable housing

    Story by

    Providing decent, affordable housing is a growing challenge in developing and developed economies alike. With demand far exceeding supply, the adverse effects – on mobility, productivity, and growth – are (or will be) increasingly apparent. Fortunately, there are ways to narrow the affordable-housing gap substantially, using mostly market-based approaches at the municipal level.

  • Corporate & Markets  |  NOVEMBER 24, 2014 8:46 PM

    Timing is right for listing, says EA Technique

    Story by

    EA Technique, en route to listing on the Main Market of Bursa Malaysia next month, is confident that the timing is right.

  • Corporate  |  NOVEMBER 24, 2014 8:28 PM

    Affin Holdings posts lower 3Q14 profit

    Story by

    Affin Holdings Bhd's pre-tax profit fell to RM189.43 million for its third quarter ended Sept 30, 2014 (3Q14), from RM221.56 million in the same period last year.

  • Corporate  |  NOVEMBER 24, 2014 8:23 PM

    IHH awards RM1 bil HK project to Hip Hing-Chung Wo

    Story by

    IHH Healthcare Bhd's indirect 60%-owned unit, GHK Hospital Ltd, has awarded a RM1.07 billion contract to Hip Hing-Chun Wo Joint Venture.

  • Singapore & World Biz  |  NOVEMBER 24, 2014 8:16 PM

    S’pore to expand investments in Indonesia

    Story by

    Singapore's Minister of State for Trade and Industry Teo Ser Luck said Monday that Singapore will expand investment in various sectors in Indonesia.

  • Corporate  |  NOVEMBER 24, 2014 8:03 PM

    UMW O&G 3Q14 pre-tax profit jumps to RM75 mil

    Story by

    UMW Oil and Gas Corp Bhd's (UMW O&G) pre-tax profit increased 39.1% to RM75.85 million for the third quarter ended Sept 30, 2014 (3Q14) from RM54.45 million recorded in the same period last year.

  • Corporate  |  NOVEMBER 24, 2014 7:57 PM

    TDM Bhd 3Q14 pre-tax profit falls to RM13 mil

    Story by

    TDM Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) fell to RM13.07 million from RM19.55 million in the same period of 2013.

  • Opinion  |  NOVEMBER 24, 2014 7:35 PM

    Germany’s secret credit addiction

    Story by

    LONDON – With recent data showing that German exports fell 5.8% from July to August, and that industrial production shrank by 4%, it has become clear that the country’s unsustainable credit-fuelled expansion is ending. But frugal Germans typically do not see it …